When exactly was the contract for the LCA Mk-1a signed between MoD & HAL ? If I'm not mistaken the entire matter was stuck up in negotiations for 3 years or so we were told before the agreement was signed .
However the order for the GE F-404 was placed in the first quarter of 2021. I wonder how much advance was paid to GE & from whose pockets did it come from ?
Btw this bit of news should also be seen by everyone kicking HAL now since it's down.
India News: Hindustan Aeronautics Ltd’s cash-in-hand has plummeted to a meagre Rs 140 cr as of March 31, 2019. This is its lowest since 2004, in a direct impact o
timesofindia.indiatimes.com
I wonder how many Pvt Sector cos can carry such a debt leave aside tolerating it & mind you HAL's a listed company . If some shareholder drags HAL to SEBI , GoI will be severely embarassed.
To conclude I'm not supporting HAL , they've plenty of shortcomings like any other DPSU apart from an identical culture , but instead of blind criticism & abuse which is now seemingly normalised here after DFI , how about a critical appraisal for once ?